Deals

Find out who’s buying, who’s selling and what is being sold. Get detailed information on the structures involved in secondaries deals, including LP portfolio sales, GP-led processes, spin-outs, restructurings and stapled deals.

Balfour Beatty sells infra stake to Kuwaiti group amid spin-off

The UK developer's $618m fund has made investments that include solar power, marine transportation and energy utilities in Europe and the US.

Lexington buys Scottish Equity VC stakes

The secondaries firm acquired the two stakes from German foundation Max Planck and Royal London Mutual Insurance Society.

Rothschild picks up Spanish tail-end stake

The banking group's Five Arrows Secondary Opportunities unit acquired the interest using its third secondaries fund which was almost fully invested as of November.

LGT buys tail-end stake from Pantheon and Diageo

Sales of stakes in tail-ends – mature funds which often hold a handful of portfolio companies – are expected to increase as a percentage of the secondaries market this year.

Old Mutual acquires Landmark

OM Asset Management has purchased a majority stake in the secondaries firm less than two months after former owner Religare sold its interest.

Lexington sells tail-end European portfolio to Willowridge

The purchase included stakes in at least seven private equity funds managed by some of Europe's top firms including 3i, IK Investment Partners and Cinven.

Missouri pension seeks advisor for portfolio sale

The state employees’ retirement system is mulling a sale from its $2bn illiquid assets portfolio.

SLEPET picks up stake in TowerBrook III

The interest in TowerBrook's 2008-vintage fund was SL Capital Partners' listed vehicle's sole secondaries purchase during the last six months.

Partners buys European portfolio from Santander

The Spanish bank’s private equity arm has offloaded stakes in PAI Partners, EQT and August Equity-managed funds amid expectations financial institutions will return as sellers this year.

OPERS committed $400m to Strategic Partners’ CalPERS deal

The Ohio retirement system has emerged as a co-investor in the Blackstone unit's fund which was set up to acquire real estate stakes from the California pension.
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